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My picks with rationale

Discussion in 'Position Trading' started by insider, Aug 24, 2009.

  1. vagar11

    vagar11 Well-Known Member

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    Use some other image host than imgur. Imgur has the tendency to remove images from their server fast. That's why there are a lot of threads with lost pic.

    Use tinypic.com
    or uploadhouse
     
  2. insider

    insider Active Member

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    The stock has now given a breakout above 107 now currently trading at 112. Use any declines to 108 to add more positions with a revised stoploss of 102.
     
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  3. insider

    insider Active Member

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    On 4th Jan I have purchased EKC at 34.5 with a stoploss of 31 and GNFC at 227 with stoploss of 209. I will post the charts of both the companies. EKC is looking very good on long term charts with clear sign of trend change. GNFC has broken out of 210-224 range with volumes and if it keeps sustaining trailing SL I expect it should go upto 290-300 range in medium term
     
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  4. insider

    insider Active Member

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    Since this is a new portfolio I am building for one of the low networth clients, the holdings are been spread and currently stand as follows:

    800 IL&FS at average cost of 103.5
    1000 EKC at cost of 34.5
    400 GNFC at cost of 226
     
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  5. insider

    insider Active Member

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    Booked out 200 GNFC at price of 253.5. Now holding 200 for a stoploss of 240. EKC and IL&FS are still a hold.
     
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  6. insider

    insider Active Member

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    I would next buy Shilpi Cable at 220 with a stoploss of 204. Stock has given a breakout after 4 months tight range consolidation. Looks set to be a multibagger.

    [​IMG]
     
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  7. insider

    insider Active Member

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    GMDC Ltd will be my pick for medium term. Lovely cup and handle on weekly charts. Refer the attached image.
     

    Attached Files:

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  8. timepass

    timepass Moderator

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    Looks like a very small handle.
     
  9. insider

    insider Active Member

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    Agree. I think handle might take some time to form. However pattern overall looks valid. Also since it is a weekly chart the formations might be small considering they represent 5 days in one bar.
     
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  10. simplebuthard

    simplebuthard works as Trade executor at nights

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    Results this week: From Moneycontrol:

    The flow of results announcement was bit slow due to Diwali holiday in the week gone by but in the coming week, about 182 companies (as per BSE data) will release their earnings for the quarter ended September 2017. Major ones among them would be Infosys, HDFC Bank, Yes Bank, ICICI Bank, Maruti Suzuki, IOC, ITC, HCL Technologies, ONGC, HUL, Kotak Mahindra Bank, Asian Paints, Ambuja Cements, ABB India, Zee Entertainment, L&T Finance, M&M Financial, Mindtree, RBL Bank, Biocon, Jubilant Foodworks, Canara Bank, Adani Transmission and Bharat Financial.

    [​IMG]
     
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